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Extreme weather events have driven spike in ILS impairments
Insurance
Following the difficult years of 2017 to 2019, which were dominated by extreme hurricanes, earthquakes, wildfires, typhoons and winter storm events, 25 insurance-linked securities (ILS) bonds are expected to be impaired in the 12-month period to June 30.   11 September 2019
Xceedance unveils its cost effective cat modelling platform
Insurance
Xceedance, the managed services and technology company, has teamed up with Oasis Loss Modelling Framework (Oasis LMF) to provide on-demand catastrophe modelling.   11 September 2019
Insurer FedNat reports gross cat losses of $17m in Q2 2019
Insurance
US insurer FedNat Holding Company (FedNat) has reported gross catastrophe losses of $17 million, including $15.5 million from the company’s non-Florida property business in Q2 2019.   18 July 2019
Insurance
Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings has appointed Allied World CEO Scott Carmilani in a new role that it hopes will help promote organic growth and collaboration initiatives across its global operations.   18 July 2019
Insurance
Aon Groep Nederland has entered into an agreement to acquire Unirobe Meeùs Groep (UMG) from Aegon for €295 million. The transaction is expected to close in the fourth quarter of 2017.   8 August 2017
Insurance
Broker Willis Towers Watson has opened a new re/insurance operation in Kazakhstan to expand its presence in what it recognises as the "key Central Asian growth market".   14 November 2018
Reinsurance
Reinsurance regulatory modernisation is essential, and the US should step up to the plate, says Tracey Laws, senior vice president and general counsel of the Reinsurance Association of America.   1 May 2015
Insurance
Speciality re/insurer Brit has hired the former chief underwriting officer of IFG to launch a new general liability team for Brit Global Specialty USA.   11 May 2015
Insurance
American International Group (AIG) is raising $2.5 billion in debt as it prepares the funding for the acquisition of Bermuda-based Validus Holdings.   22 March 2018
Insurance
AmTrust Financial Services and National General have scrapped plans to buy part of Tower Group’s US domiciled insurance companies as part of ACP Re’s proposed takeover.   23 April 2014

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